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Search Results 0 to 6 of about 7 (some duplicates have been removed)
FOX Business
Feb 11, 2013 7:00pm EST
administration is already more than half wait toward its goal of deficit reduction with the president calling for more tax hikes to finish the job. it. >> over last few years democrats and republicans have come together and cut our deficit by more than two and a half trillion dollars to a balanced mix of spending cuts and higher tax rates for the wealthiest americans. that's more than halfway toward the $4 trillion in deficit reduction that economists and elected officials from both parties say we need to stabilize our debt. i believe we can finish the job to see where we started it, with a balanced mix of more spending cuts and more tax reform. lou: the obama -- obama propaganda machine insists jobs have never fallen below priority number one despite the president's preoccupation with gun control, comprehensive immigration reform. ed henry has our report. >> well president obama only use the word jobs twice in his inaugural address, his team is now building tuesday's big speech as it continues a major push on the economy. >> you will hear the president's state of the union l1 from him for hi
FOX Business
Feb 5, 2013 7:00pm EST
was $3.48. the federal budget deficit expected to show short-term improvement this your according to the congressional budget office, declining to $845 billion from 1 trillion. the annual deficit expected to go as low as 430 billion by 2015 before soaring to almost a trillion dollars by 20203. joining us now to assess all of this is former director of the congressional budget office and president of the american action forum. let me start with, the president today insisting that he have, well, new revenue. just so that the congress would have the privilege of somehow saving him from himself and pushing back the impact of this sequester that his white house offered. does it get any more curious than that? >> it just proves we are in a budget another world. the numbers today are living short of terrific. $7 trillion in deficits over the next ten years. is coming after we raise 600 billion in taxes. what does the president say? well, let's not do the spending cuts, which we are counting on to keep it down to 7 trillion. instead to raise taxes, which we already proven does not solve t
FOX Business
Feb 6, 2013 7:00pm EST
and then some with deficit reduction that we should at the very least take action for temporary buydown just as we did at the end of the year of the sequester to prevent the terrible impact of the sequester. lou: a panel trying to diagram the sequester. he points out the house has already passed two separate bills to replace the sequester but both of those bills are allowed to die and demographically controlled senate. he has had it with the obama way of doing business that he is content to allow the white house bipartisan sequester to take affect on march 1. >> let me make clear i don't like the sequester, i think it is taking acts of more government. >> would you delay the impose a sequester? >> that is right, i will. lou: meanwhile also headed with the obama way infuriated with the white house gag order on top level officials muscling those officials preventing them from talking with her committee on unscheduled spending cuts. maryland democrat and chairman of the appropriations committee said high-level cabinet members have been instructed not to talk unless their words are cleared by th
FOX Business
Feb 3, 2013 8:00pm EST
to be weathering the country's fiscal uncertainty, but it is doing so nervously. >> we have massive deficits, a big tax increase that no apparent willingness to get government off people's backs by reducing government spending, and all of that is a heavy, heavy weight on the private sector. firms around the nation are sitting on cash instead of creating jobs. >> reporter: on wednesday the commerce department announced economic growth actually fell to a-10% the last three months of last year, the chairman of the president's council of economic advisers says other indicators remain positive. >> consumer spending increased. business investment. residential construction. >> reporter: the jobs report showed a larger number of people dropped out of the labour force th down jobs. a former administration economist says some of that is to be expected. >> the population is aging, so we expect to have a fair number of people retiring every month for the next ten years or more as the baby boomers retire. >> reporter: the conference board reports a sharp increase in the number of older workers considering delay
Search Results 0 to 6 of about 7 (some duplicates have been removed)